Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PFIZER stock price shows a breakdown and profit booking in the past sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers are losing the gains and showed sellers control on the charts.</a> </li> 
</ul> 
<p>PFIZER stock price showed a breakdown of the rising wedge pattern and selling pressure on the charts. Moreover, the chart shows that PFIZER stock cannot surpass neutrality and faced throwback in the past sessions. However, the recent dip is due to the dividend adjustment, which gave favors to bears and slips slow &amp; steady, showing a decline for the past weeks. Furthermore, if stock sustains near $3800, a reversal can be seen toward the swing of $4000 in the upcoming sessions.&nbsp;</p> 
<p>PFIZER stock price action shows a reversal from the support of $3400 in the past months and picked momentum. However, a breakdown below the key moving averages showed short buildup activity in the past sessions. The upper trajectory is near the 200-day EMA at $4000, whereas the lower trajectory is near $3700, the strong demand zone.</p> 
<p>At press time, PFIZER stock price is trading at $3815.55 with an intraday drop of 0.08%, showing neutrality on the charts. Moreover, the trading volume remained average at 15.069K, and the market cap is $174.681 Billion. However, Analysts maintained a strong buy rating with a yearly target price of $4449.00, suggesting a strong growth outlook for the upcoming sessions.</p> 
<p>Pfizer Ltd. engages in manufacturing, marketing, trading, importing, and exporting pharmaceutical products. Its product offerings include treatment for depression, erectile dysfunction, high cholesterol, human immunodeficiency virus infection, hypertension, bacterial infections, and systemic fungal infections, and other chronic treatments, which include pain, respiratory, vitamins or minerals, hospital anti-infectives, neurosciences, and cardiovascular.</p> 
<p>The firm’s products include Prevenar 13, Lyrica, Ativan, Viagra, Zosyn, Minipress XL, Meronem, Enbrel, Dolonex, Magnex, Amlogard, Trulimax, Daxid, Neksium, Becosules, Gelusil, Mucaine, Folvite, Autrin, Citralka, Corex Range, Anacin, and Anne French.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-pfizer-stock-fib-retracement-on-daily-charts-strong"><strong>PFIZER Stock Fib Retracement On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/gwiGZaUnBSkQ68b-DA4QVy-6QUJl2kTxVbRZzyzLVW4J-ZpO5anrOP8F7Tskuv7HllWv83dgcfe8PkflkOG0I1wXhZAHDu2C4Z9XRSn4DI2eVVsKQgBCuV8tCvcP-pUrExC8A8nj9Ec4Z14vTd15SiM" alt="PFIZER Stock: Bulls In Worry, PFIZER Near $3800, What Next?"> 
  <figcaption class="wp-element-caption">
    Source: PFIZER Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, PFIZER stock price hovers in a narrow range after the breakdown, and buyers are attempting a pullback to retain the up move above the key hurdle of $3900.</p> 
<p>The RSI curve slid from the overbought zone and dragged toward neutrality, showing profit booking in the last trading sessions and indicating a negative outlook on the charts.</p> 
<p>The MACD indicator showed a bearish crossover, and red bars on the histogram suggest that the stock may revisit the immediate support zone of $3750 in the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;&nbsp;&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/07/pfizer-nyse-pfe-stock-price-continues-decline-following-earnings/" rel="noopener noreferrer nofollow">PFIZER stock price</a> dragged below the key moving averages and showed weakness on the charts. Moreover, the chart structure suggests that sellers are willing to break the immediate swing of $3800 and try to drag toward the demand zone of $3600. However, buyers are managing the gains and maintaining strength, but due to the enormous pressure, they failed in a pullback.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $3800 and $3700</p> 
<p>Resistance Levels: $3850 and $3900</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

PFIZER Stock: Bulls In Worry, PFIZER Near $3800, What Next?

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Thecoinrepublic.com

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